Figure Technology Solutions (NASDAQ:FIGR) Price Target Raised to $75.00

by · The Markets Daily

Figure Technology Solutions (NASDAQ:FIGR – Free Report) had its price target raised by Piper Sandler from $55.00 to $75.00 in a report issued on Wednesday,Benzinga reports. They currently have an overweight rating on the stock.

Other equities research analysts have also issued reports about the stock. Wall Street Zen raised shares of Figure Technology Solutions to a “hold” rating in a research note on Monday, September 22nd. Sanford C. Bernstein raised their price objective on Figure Technology Solutions from $54.00 to $72.00 and gave the company an “outperform” rating in a report on Tuesday. The Goldman Sachs Group boosted their price objective on Figure Technology Solutions from $51.00 to $58.00 and gave the company a “buy” rating in a research report on Tuesday. Bank of America upped their target price on Figure Technology Solutions from $41.00 to $47.00 and gave the stock a “neutral” rating in a research note on Monday, November 17th. Finally, Zacks Research raised shares of Figure Technology Solutions from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 2nd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $57.63.

Check Out Our Latest Stock Analysis on FIGR

Figure Technology Solutions Price Performance

Shares of NASDAQ FIGR opened at $73.91 on Wednesday. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.17. The firm has a market cap of $13.02 billion and a PE ratio of 217.38. The stock’s 50 day moving average price is $43.06. Figure Technology Solutions has a 12 month low of $30.01 and a 12 month high of $76.57.

Figure Technology Solutions (NASDAQ:FIGR – Get Free Report) last announced its quarterly earnings results on Thursday, November 13th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.18. The firm had revenue of $156.03 million for the quarter.

Insider Transactions at Figure Technology Solutions

In other Figure Technology Solutions news, CEO Michael Benjamin Tannenbaum sold 90,026 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $35.12, for a total value of $3,161,713.12. Following the transaction, the chief executive officer owned 3,641,903 shares in the company, valued at approximately $127,903,633.36. This trade represents a 2.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Michael Scott Cagney sold 200,058 shares of the company’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $39.40, for a total transaction of $7,882,285.20. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 3,344,073 shares of company stock valued at $123,816,526.

Hedge Funds Weigh In On Figure Technology Solutions

Several hedge funds and other institutional investors have recently modified their holdings of FIGR. Orland Properties Ltd purchased a new stake in Figure Technology Solutions during the 3rd quarter valued at about $319,187,000. Vanguard Group Inc. acquired a new position in shares of Figure Technology Solutions during the 3rd quarter worth approximately $91,751,000. Duquesne Family Office LLC purchased a new stake in shares of Figure Technology Solutions in the third quarter valued at approximately $76,989,000. Pantera Capital Partners LP acquired a new stake in shares of Figure Technology Solutions in the third quarter valued at approximately $56,114,000. Finally, Capital World Investors purchased a new position in Figure Technology Solutions during the third quarter worth approximately $50,918,000.

Figure Technology Solutions Company Profile

(Get Free Report)

Figure is building the future of capital markets using blockchain-based technology. Figure’s proprietary technology powers next-generation lending, trading and investing activities in areas such as consumer credit and digital assets. Our application of the blockchain ledger allows us to better serve our end-customers, improve speed and efficiency, and enhance standardization and liquidity. Using our technology, we continue to develop dynamic, vertically-integrated marketplaces across the approximately $2 trillion consumer credit market and the rapidly growing approximately $4 trillion cryptocurrency and digital asset market.

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